Promote Art Works Inc

Private foundation · Grantmaker Brooklyn, NY EIN: 11-3172595

Promote Art Works Inc is a private foundation focused on Arts, Culture & Humanities, based in Brooklyn, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $52K in total assets. In 2024, it made $44K in qualifying distributions. Net investment income was $67K.

Key facts about Promote Art Works Inc

EIN
11-3172595
Latest 990 filing
Form 990-PF, 2024
Total assets
$51,613

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$52K

+75.2% YoY

Revenue

$112K

+115.8% YoY

Qualifying Distributions

$44K

+4.6% YoY

Expenses

$89K

+59.2% YoY

Under IRS private-foundation payout rules, Promote Art Works Inc reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

How Promote Art Works Inc gives

  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

New York

Giving Over Time

Total grant dollars and number of grants per year

$0$50$100$150$2002 grants2020 2 grants2021 0 grants2022 0 grants2023 0 grants2024

From 2020 to 2021, annual grant giving ranged from $100 (2021) to $200 (2020). In 2021 it made 2 grants totaling $100.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$51,613$29,462$34,161
Revenue$111,695$51,757$94,367
Expenses$88,509$55,613$78,193
Qualifying Distributions$43,513$41,596$37,382
Net Investment Income$66,699$37,720$57,957
Distributable Amount$1,069$1,043$492

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Promote Art Works Inc is led by Jeanette Busch, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Jeanette Busch

    President

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Kathleen Laziza

    Exe. Director

    On filings since 2020

    15 hrs/week

    No compensation reported

  • Julio Vega

    Secretary

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • Nancy Stern Bain

    Vice President

    On filings since 2020

    0.3 hrs/week

    No compensation reported

  • William Laziza

    Treasurer

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Promote Art Works Inc

How large is Promote Art Works Inc?

Promote Art Works Inc reported $52K in total assets on its 2024 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).

What is Promote Art Works Inc?

Promote Art Works Inc is a private foundation focused on Arts, Culture & Humanities, based in Brooklyn, NY. It holds $52K in total assets as of 2024.

Where does Promote Art Works Inc operate?

Promote Art Works Inc has awarded grants in New York.

What is Promote Art Works Inc's EIN?

Promote Art Works Inc's EIN (Employer Identification Number) is 11-3172595. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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